U.S. Inflation Looks Even More Tame If You Remove Housing Costs
This article is for subscribers only.
U.S. central bankers eyeing services inflation as a key gauge of price pressures may find it pretty robust -- until you take housing costs out of the equation.
Services prices excluding energy rose 2.9 percent in the year through April, but if you also remove rents they were up 2.3 percent, according to consumer price index data published Thursday by the Labor Department.